The United Nations released a preliminary figure estimating direct economic losses from the June 24 double earthquake across northern Venezuela.
Year: 2026
EU’s 800 Billion Euro Defence Spending Surge Begins Showing Results in Naples
The European Union’s historic rearmament investment is producing tangible industrial output with new contracts awarded to Italian defence firms.
Adani Judge Says US Prosecutors Failed to Justify Dropping Fraud Case
A federal judge challenged the Department of Justice’s decision to dismiss bribery charges against Gautam Adani raising questions about prosecutorial discretion.
Google Loses Four AlphaFold AI Researchers to Anthropic in One Week
Senior researchers Jumper Adler Pritzel and Conmy have all joined Anthropic as part of a broader talent exodus from Google DeepMind.
China Exports Surge 19.6% Year-on-Year in May Fuelled by AI Hardware Demand
Semiconductor exports jumped 110% and mobile phone exports rose 44% as global demand for AI-related products propelled China’s trade surplus.
US Fed Expected to Hold Rates Despite Better-Than-Expected May PCE Data
Markets continue pricing in a hold by the Federal Open Market Committee after hotter-than-expected personal consumption expenditure figures.
UK Oil Prices Slide Below $75 a Barrel Easing Inflation Pressures
Falling crude prices have pushed household inflation expectations to 3.8% in June and improved the overall UK economic outlook.
UK Small Business Profit Growth Hits 3-Year High at 7.4% in Q1 2026
The Sage SME Pulse report found strong sales and margins offset by a chronic late-payment problem with 49% of invoices overdue.
Musk Cleared by FTC to Acquire SpaceX Alumni Firm Mesh in M&A Push
Elon Musk received Federal Trade Commission clearance to buy Mesh as he accelerates his strategy of consolidating SpaceX’s extended ecosystem.
Tech Stocks Slide as AI Cost and Demand Concerns Weigh on Mega Caps
Technology stocks fell for the third straight session as investors rotated out of AI-adjacent names amid worries about spiralling inference costs.